In the end we had to pay to turn the space back in to a white box/shell and closed with basically zero physical assets.

I am training our son to basically do the rehabs but there is a learning curve.  

The gamble is that the outcome hinges upon the courts discretion and it’s rare to see specific performance unless buyer can demonstrate that monetary damages aren’t enough to make them whole.

At any rate it is possible, but depending on your appraisal it could be a gamble

Now, I'm not an attorney, so I'm basically mansplaining something that I am not qualified to comment on.

My friend in Big Bear says it's basically vacant unless it's winter.

You basically made a full price offer when you didn't need to. 

Thats an important question to ask nowadays, we were scammed by a marketing/SEO company who is now overseas and has a PO box in US only so basically untouchable.

Not actively do deals ...so , basically new investors are **** outta luck , by the time they figure all this out

Since you can't control the sale price, you basically have a $4k cushion to your reno costs, or otherwise you lose money compared to the as-is scenario.